Feb 15, 2021 12:10 AM EST
Stock prices ended on Friday higher, so much higher than expected. Many factors were at play to produce this unanticipated outcome.
For one, investors were naturally encouraged by the economic data, which reveals some great rebounds from the depletion they experienced because of the COVID-19 pandemic.
While the pandemic is still ongoing, all economic indicators seem to be doing better, attracting investors to the trading game once more --not to mention the existence of vaccines and their prospective rollout. While vaccine talk and debates are still happening, investors are just relieved that they are here. A fresh round of COVID spending further boosted this optimism.
Another factor is how the stock market has witnessed strong corporate earnings from some of the largest S&P 500 companies that have reported their results thus far, shocking not just the investors but the companies themselves, who expected worse.
But can all these trends continue? Is the rebound likely to be lasting?
On Friday, stock prices all over seem to have ended at an energized level. Investors can only hope they stay that way or further improve.
For one, the Dow Jones Industrial Average added 27.70 points or 0.09%. It then ended the session at 31,458.40.
Furthermore, 3M (MMM) added 1.5%.
Overall, the previous week's last trading ended with the S&P 500 rising 18.45 points, or by 0.47%; it closed at 3,934.83.
Lastly, the tech-heavy Nasdaq Composite gained 69.70 points or increased by 0.50%. Investors were happy to see it ending at an all-time closing high close at 14,095.47.
The Dow Jones Industrial Average finished up 1%, after a 3.3% gain the week before.
After a 4.65% rise in the previous week, the S&P 500 ended the week with a 1.2% increase.
The Nasdaq Composite can be described as the most improved, rising 1.7%.
For the past weeks, the existence of the COVID-19 vaccines has boosted the market's spirits. The drugs' rollout sustained the momentum, more so when the seven-day average of vaccination doses given touched 1.66 million.
Although new COVID-19 cases are still being diagnosed and some infected are still dying,
the seven-day average of new cases fell below 100,000 - the lowest since early November. The same significant improvement in the pandemic situation can also be seen in the sharp drop in hospitalizations as people came into grip with handling their safety.
Investors looking to invest in these revitalized markets can check out the stocks below, which are anticipated to perform well by Wall Street experts, as Nasdaq reported.
One of the significant advancements is shifting the payment operations for remote workers. If the compliances are not met, it may lead to severe legal complications. The owner and organization may be held labially separately. The remote working lifestyle continuously grows and is a testament to becoming an endless working mode. Today we discuss components for payroll for remote workers
BRG International Founder Matias Alem had recognized this fact for a few years. So he remodeled his real estate brokerage into something completely new to solve the problem for his jet-setting international client base.
Ryan Early, hailed as 'Farmer Ryan' among sustainable agriculture experts, is a busy man. He has a laundry list of companies to his name, including Blue-Green Ventures, the company behind the revolutionary product, Blue MagicTM, a non-toxic and eco-sustainable pest preventative product using his patented BiomeMax TM Pheromonal Replication Technology.
Investor, financier, and expert in both cryptocurrencies and blockchain technology, Joy Mbanugo is the go-to in the sector. She has vast experience and knowledge across tax services, auditing, business operations, financial analysis, capital markets, and other specializations.
When Nick Collins was just 14 years old, he started his first business, which included around-the-clock phone calls and numerous questions from his parents. In fact, he began building his stout portfolio in the seventh grade by doing web design, incorporating creative content with brand strategies and plugging in a then-fledgling tech Flash.
Barry Gabster is the founder of InitiateU and is a leading proponent of the marketing mailer revolution, having already taken his company to 10x growth in 2021, alone. In fact, the exponential growth has seen the company rise from $800K-$8.5M just on word-of-mouth referrals.
If you think that the micro accounts are useful only for beginners who may not be able to cope with the fast dynamics of changing quotes on trading platforms, then this is not so. Professionalism grows out of these cent accounts.
Journalists love their jobs because they get to interact with people from all sorts of backgrounds and expertises, then turn around and share their knowledge with the world.
As the metaverse takes over more of our digital lives, the commoditization of all aspects of our virtual beings becomes more and more of a reality.